Sleep Country Canada Net debt/EBITDA
What is the Net debt/EBITDA of Sleep Country Canada?
The Net debt/EBITDA of Sleep Country Canada Holdings, Inc. is 8.70
What is the definition of Net debt/EBITDA?
The net debt to earnings before interest, taxes, depreciation, and amortization (Net debt/EBITDA) ratio measures financial leverage and the company’s ability to pay off its debt. It shows how long it would take the company to pay off all its debt with operations at the current level.
The net debt to EBITDA ratio is calculated as Net debt divided by EBITDA. It is similar to the debt to EBITDA ratio, but cash and cash equivalents are subtracted in net debt.
Net debt = short-term debt + long-term debt - cash and cash equivalents
EBITDA = net income + interest expense + taxes + depreciation + amortization
Lower debt debt to EBITDA ratio indicates the company is not heavily indebted and should be able to repay its obligations. Alternatively, higher ratio indicated the company is excessively indebted. The ratio varies between industries as different industries have different capital requirements. Usually, the ratio should be compared to a benchmark or an industry average to determine the company’s credit risk. Generally, a net debt to EBITDA ratio above 4 or 5 is considered high.
Net debt/EBITDA of companies in the Consumer Discretionary sector on TSX compared to Sleep Country Canada
What does Sleep Country Canada do?
Sleep Country Canada Holdings Inc. engages in retailing mattress and bedding-related products in Canada. The company offers a range of mattresses, adjustable lifestyle bases, pillows, duvets, duvet covers, mattress toppers and protectors, pet beds, weighted blankets, throws, sheets, headboards, footboards, frames, mattress and pillowcases, platforms, metal frames, blankets, mattress pads, and other sleep accessories. The company operates under the Dormez-vous, Sleep Country Canada, and Endy retail banners. As of May 20, 2022, it operated 287 stores. It also sells its products through an e-commerce platform. Sleep Country Canada Holdings Inc. was founded in 1994 and is headquartered in Brampton, Canada.
Companies with net debt/ebitda similar to Sleep Country Canada
- Enanta Pharmaceuticals Inc has Net debt/EBITDA of 8.69
- Venture Life plc has Net debt/EBITDA of 8.70
- Wallenius Wilhelmsen ASA has Net debt/EBITDA of 8.70
- Argonaut Gold has Net debt/EBITDA of 8.70
- Hewlett Packard Enterprise has Net debt/EBITDA of 8.70
- HSS Hire plc has Net debt/EBITDA of 8.70
- Sleep Country Canada has Net debt/EBITDA of 8.70
- Val-d'Or Mining has Net debt/EBITDA of 8.71
- Radian has Net debt/EBITDA of 8.71
- Aduro BioTech has Net debt/EBITDA of 8.71
- BlueCity has Net debt/EBITDA of 8.71
- China Resources Cement has Net debt/EBITDA of 8.71
- The Agency Australia has Net debt/EBITDA of 8.72